TOT Stands for __________

question 18

Multiple Choice

TOT stands for __________.

• A)thematic ortho-treatment
• B)thalamic operation of transfer
• C)tip of the tongue
• D)temporal ordering of the thematic content

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Definitions:

Actual Hours

The real number of hours worked, as opposed to planned or estimated hours.

Overhead Controllable Variance

The difference between the actual overhead incurred and the overhead that should have been incurred, based on controllable factors.

Budgeted Overhead

The estimated cost of all indirect production expenses for a specific period as part of the budgeting process.

Standard Hours Allowed

The amount of time that should be spent to produce a certain amount of goods or services, according to predetermined standards.